Riverside Public Utilities

About Riverside Public Utilities

Riverside Public Utilities is a municipally owned organization. The largest city served by Riverside Public Utilities is Riverside, but the company also supplies electricity to 2 cities in the state of California. There are 640 industrial customers, 14,240 commercial customers and 107,002 residential customers who are served by the company. Riverside Public Utilities has an average residential electricity rate of 20.81 cents per kilowatt hour, which is 32.03% lower than the state's average rate of 30.62 cents and 28.34% more than the national average of 16.22 cents. Of the 2,172,175 megawatt hours Riverside Public Utilities sold and dispossessed, 0.62% were from wholesale sales. The electricity they sourced consisted of megawatt hours generated by the company in electricity facilities they own and megawatt hours procured on wholesale channels. They purchased 2,092,397 wholesale megawatt hours. In 2023, the company made a total of $410,023,000 from business activities relating to the sale and transfer of electricity. They had 0.50% of their revenue come from wholesale electricity sales and 82.09% from retail sales to end users.

Patrons of the supplier pay an average residential electricity bill of $123.08. This is 14.16% less than the national average of $143.38. The company ranks 29th highest out of 65 cities in the state for megawatt hours generated from the burning of natural gas. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end users. Customers of the provider are faced with 0.5 power outages on average per year, with outages lasting an average of 60.63 minutes. The national averages for outages and duration are 1.44 outages at 123.49 minutes each.